Cubic Awarded $30 M to Support US Africa Command

(San Diego, CA., July 2, 2009) -- Cubic Applications, Inc., a mission support services business of Cubic Corporation (NYSE: CUB), has received a new contract valued at approximately $30 million for joint training and exercise support to the United States Africa Command (AFRICOM). Cubic will furnish subject matter experts and will develop and execute training exercises for the AFRICOM J7 Joint Training and Exercise Division.

Cubic's Information Operations Division, based in San Diego, started the new AFRICOM J7 support contract in June. The initial work will be performed at the AFRICOM headquarters in Stuttgart, Germany. Further taskings could include the development and support of AFRICOM-sponsored exercises in Europe, Africa and elsewhere as required.

"This is a tremendous opportunity for Cubic," stated Al Sargeant, vice president and general manager of the Information Operations Division. "Cubic will bring its worldwide operational, training and exercise expertise to support the new contract. We look forward to assisting AFRICOM and the Department of Defense in continuing to enhance their engagement in this strategic -- and unfortunately, often overlooked -- area of the world."

The U.S. Africa Command was established in 2007, acknowledging the emerging importance of Africa to the U.S. and the entire international community. The establishment of AFRICOM focused efforts that had previously been distributed among three different U.S. military headquarters. AFRICOM provides the Department of Defense with a single focal point for the continent, including two-way communications with African nations, the African Union, and the regional economic communities concerning security and related needs. AFRICOM is headquartered in Stuttgart, Germany with DoD representatives in a number of African countries.

This contract award further broadens Cubic's role as a key global provider of mission support services to operational, combatant and component commanders. Cubic's Information Operations Division has supported AFRICOM since its inception by providing media analysis and effects assessment. The division will team with Cubic's Defense Modernization Division to supply the depth and expertise to perform the full array of required services under this new contract.

The AFRICOM J7 support contract includes one base and two option years.

Source : Cubic Corporation (NYSE: CUB) - click here for more information